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751 Nelson William Dr, Lake Orion, MI 48462

3 beds • 2 baths • 3302 sqft

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This property looks like a bad Airbnb investment with a projected -20.19% first-year return on $118k initial cash invested.

-20.19%

Cash On Cash

1.18%

Cap Rate

0.2

DSCR

$2,284

Rent

-$1,983

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $4,267 expenses = $1,983 out of pocket

Income$2,284Out of Pocket$1,983Mortgage P&I$2,358103%Property Taxes$59326%Insurance$1707%HOA$502%Management$34315%CapEx$914%Maintenance$914%Other$57125%

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,120

Closing costs

1%

$4,756

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,284

Total Expenses

$4,267

Mortgage P&I

103%

$2,358

Property Taxes

26%

$593

Home Insurance

7%

$170

HOA

2%

$50

Property Management

15%

$343

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$571

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